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The ESG Pfandbrief

Münchener Hypothekenbank eG (MünchenerHyp) on 8 September unveiled plans for the first ESG covered bond. In this special sponsored feature, those involved in the project consider an ESG Pfandbrief against the backdrop of sustainable investment and explore how it might fit into wider SRI developments in the bond markets.

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Sustainability and covered bonds: a lasting combination

With investors showing a growing interest in SRI, the topic has become one for covered bonds, and in September Münchener Hypothekenbank launched the first benchmark issue to carry a sustainability rating. Here, Franz Rudolf, head of financials credit research at UniCredit, explores what the relevant rating agencies are looking for.

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Covered, save the planet!

An environmental think-tank has suggested that covered bonds backed by renewables could help alleviate a shortage of funding for the greening of the world’s energy resources. Chiara Francavilla explores the issues and challenges surrounding the Climate Bonds Initiative’s proposal.